In 2023, the annual value of consumer electronic wire transfers, over Israel’s ZAHAV payment system, was just under 141 billion Israeli shekels, about 37.6 billion U.S. dollars. This reflected an increase of nearly nine percent in the value of transactions, of up to one million Israeli shekels, from the previous year. Notably, transaction values rose by 33.3 percent between 2020 and 2021.
Annual value of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023
(in billion Israeli shekels)
Currency conversion rate as of November 12, 2024 was 1 USD = 3.75 ILS.
2023 data are estimates based on 11 months of data.
Data includes only 'consumer transactions' which are defined by the source as transactions up to 1 million Israeli shekels.
The ZAHAV system is Israel’s real-time gross settlement (RTGS) system, managed by the Bank of Israel. It enables individuals, businesses, and financial institutions to make immediate, final, and secure money transfers, with each transaction settled instantly to reduce risk. The system is known for its stability and high availability.
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Bank of Israel. (August 11, 2024). Annual value of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in billion Israeli shekels) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1535979/israel-annual-wire-transfer-total-value-zahav-system/
Bank of Israel. "Annual value of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in billion Israeli shekels)." Chart. August 11, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1535979/israel-annual-wire-transfer-total-value-zahav-system/
Bank of Israel. (2024). Annual value of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in billion Israeli shekels). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1535979/israel-annual-wire-transfer-total-value-zahav-system/
Bank of Israel. "Annual Value of Consumer Wire Transfer Transactions over Zahav Payment System in Israel from 2015 to 2023 (in Billion Israeli Shekels)." Statista, Statista Inc., 11 Aug 2024, https://www.statista.com/statistics/1535979/israel-annual-wire-transfer-total-value-zahav-system/
Bank of Israel, Annual value of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in billion Israeli shekels) Statista, https://www.statista.com/statistics/1535979/israel-annual-wire-transfer-total-value-zahav-system/ (last visited December 22, 2024)
Annual value of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in billion Israeli shekels) [Graph], Bank of Israel, August 11, 2024. [Online]. Available: https://www.statista.com/statistics/1535979/israel-annual-wire-transfer-total-value-zahav-system/
